Home Forums Members’ Forum Airlines – ALK / JBLU / DAL (year end run)

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  • sueZmacD
    Keymaster
    Post count: 219
    #12351 |

    I just posted a BLOG so we can track and discuss the POTENTIAL airlines post earnings move that’s on our November Opportunity Work Sheet. I’ve got a close eye on the Daily / Hourly charts of ALK and JBLU – since they are flagging after a nice pull back… I’m looking for a possible entry with market cooperation.

    Unlike ALK and JBLU – DAL is breaking to new highs – and while charts are looking strong, price is getting pretty far from the 8EMA on that Daily chart. So, if you’re not already in DAL – watch to see if you get an pull back soon – and then maybe a reload.

    Remember, markets have been pretty much straight up for 3 weeks – they have to breathe eventually…

    sueZmacD
    Keymaster
    Post count: 219

    Remember – there are other airlines that you might prefer to trade. Just make sure you know where the next resistance areas are…
    Also, if long airlines, keep your eye on oil (USO) – they usually have an inverse relationship.

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